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0 pointsaguyfromnb6y ago0 comments

They guided for $2.5 billion in capex, and only spent $1.3 billion.

0 comments

Ignorant question: if they spent only ~1/2 their projected capex, how did that happen?

Did they get a bunch of great deals on land/machinery/etc?

Or did they not build all the things they intended at the time they gave that guidance?

Their guidance for US production is relatively low compared to some of their guidance in the past. I'm guessing this means sluggish demand for the Model Y and a more cost-conservative approach to launching the product.

gamblor9566y ago

Right, but we're not talking about quarterly guidance, we're talking about YoY comparisons.

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